Is Netshoes (NETS) a Sell? The Stock Reaches Yearly Low Today

July 13, 2018 - By Robert Reynolds

The stock of Netshoes (NYSE:Cayman Limited) hit a new 52-week low and has $1.93 target or 3.00 % below today’s $1.99 share price. The 6 months bearish chart indicates high risk for the $61.80 million company. The 1-year low was reported on Jul, 13 by Barchart.com. If the $1.93 price target is reached, the company will be worth $1.85 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock.

The stock decreased 3.52% or $0.07 during the last trading session, reaching $1.99. About 93,246 shares traded. Netshoes (NYSE:Cayman Limited) has 0.00% since July 13, 2017 and is . It has underperformed by 12.57% the S&P500.

Analysts await Netshoes (NYSE:Cayman Limited) to report earnings on August, 13. They expect $-0.25 earnings per share, up 44.44 % or $0.20 from last year’s $-0.45 per share. After $-0.58 actual earnings per share reported by Netshoes for the previous quarter, Wall Street now forecasts -56.90 % EPS growth.

Netshoes Limited, through its subsidiaries, operates as a sports and lifestyle online retailer in Latin America. The company has market cap of $61.80 million. It offers various products, including athletic shoes, jerseys, apparels, accessories, and sporting equipment of international, local, and private brands, as well as fashion. It currently has negative earnings. The firm operates through its ecommerce Websites, such as www.netshoes.com and www.zattini.com.

Netshoes (NYSE:Cayman Limited) Ratings Chart

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